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20121201
20121231
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of tax increases and spending cuts has been the ultimate political football in washington. there is little sign of any holiday good cheer. >> in washington, the fiscal cliff a stalemate remains. >> the latest on the fiscal cliff. >> the ugly phrase that is on everyone's lips, fiscal cliff, is what america could tumble off and 11 days. it means that if the president and congress cannot agree on a plan to sort out finances, there will be automatic savage cuts and brittle tax rises. neither side is budging much. >> it is very hard for them to say yes to me. at some point, they have got to take me out of it and think about their voters. >> four weeks, the white house said that if i move on rates, they would make substantial concessions on spending cuts and entitlement reform. i did my part. they have done nothing. >> it would mean automatic spending cuts worth more than a trillion dollars. taxes for the average household would go up by about three and a half thousand dollars. most economists say the u.s. would be put back into recession and global growth could be halved. the u
that the president -- >> the president-elect has been making friends north of the border. in washington, he assured president obama he was proposing a new security strategy to try to reduce the drug-related violence that marked his predecessor's time in office. far from the white house is the tourist resort. the only political experience before winning the presidency was his government here. it is one of the projects he is remembered fondly for in the town as well as building a new infrastructure. his friend and political allies have rejected the suggestion that the president is all style and no substance. >> he is a very straightforward man, very committed with an excellent vision of the country , an excellent statement, and he knows how to listen. dodge a municipality on the outskirts of mexico city where the tentacles of the drug violence have started to reach. it is a particular problem, on this wasteland, the bodies have been dumped which over a thousand killed during his time in power. he fights back tears as she shows me photos of her late daughter. the official version of events is that in
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